Free CMG GEX - Live Chipotle Mexican Grill Gamma Exposure
Free CMG GEX helps you examine modeled Chipotle Mexican Grill gamma exposure by strike. Select one or more expirations to compare net GEX, the call wall, the put wall, and the gamma flip around customer traffic, pricing, labor costs, and restaurant margins.
How to use the CMG GEX tool
Search CMG
CMG is already entered. Keep it or enter another ticker, then select Search.
Select expirations
Choose one or more expiration dates to include.
Generate GEX
Select Generate GEX to view the chart and key levels.
Run up to 3 free GEX calculations per day.
What is Gamma Exposure (GEX)?
Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.
Key Levels:
- Call Wall: Strike with highest positive GEX (resistance)
- Put Wall: Strike with the largest put GEX, shown as the deepest negative bar (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Key levels
CMG GEX levels in detail
Data as of
Spot
$31.13
Call wall
$34
9.2% above spot
Put wall
$28
10.0% below spot
Gamma flip
$30.23
2.9% below spot
Net GEX
-$363K
negative gamma
Largest gamma by strike
- $28 -$343K
- $32 $218K
- $25 -$213K
- $30 -$170K
- $34 $120K
Since the previous session (Oct 14)
- Spot up 2.8% ($30.28 to $31.13)
- Call wall unchanged at $34
- Put wall unchanged at $28
- Net GEX -$1.1M to -$363K
Reviewed by the QuantWheel research team. Modeled from listed CMG options data; not observed dealer inventory and not a forecast. Read how we compute CMG GEX levels.
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Understanding CMG gamma exposure
CMG provides options exposure to Chipotle Mexican Grill, which operates in restaurants. Earnings and shifts in customer traffic, pricing, labor costs, and restaurant margins can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
New to the concept? Start with our guides to gamma in options and the options Greeks.
CMG GEX methodology and limitations
QuantWheel calculates CMG GEX from the selected expirations, available options data and the formula displayed in the calculator. The result summarizes modeled gamma exposure by strike.
GEX is a model output, not observed dealer inventory or a price forecast. Open interest does not identify who owns an option, and the displayed call wall, put wall and gamma flip can change when the inputs or selected expirations change.
CMG GEX FAQ
What is CMG GEX?
CMG GEX estimates gamma exposure across listed CMG options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. CMG GEX does not reveal actual dealer positions or predict where CMG will trade.
How do I read the CMG call wall and put wall?
QuantWheel labels the CMG call wall as the strike with the largest positive modeled GEX and the CMG put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the CMG price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the CMG gamma flip?
The CMG gamma flip is the price where modeled net gamma crosses zero for the selected CMG options data. Compare it with the current price and the shape of the strike chart. The CMG gamma flip is a model output, not a trading signal.
Which expirations should I use for CMG GEX?
Start with the nearest CMG expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which CMG contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the CMG GEX calculator free?
Yes. You can run up to three free CMG GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX demo. Check the current QuantWheel pricing page for plan access details.